Zacks Research Has Bullish Forecast for PACCAR Q3 Earnings

PACCAR Inc. (NASDAQ:PCAR) – Analysts at Zacks Research lifted their Q3 2026 earnings per share estimates for shares of PACCAR in a research report issued on Tuesday, December 9th. Zacks Research analyst Team now anticipates that the company will post earnings per share of $1.38 for the quarter, up from their previous forecast of $1.36. Zacks Research has a “Hold” rating on the stock. The consensus estimate for PACCAR’s current full-year earnings is $7.57 per share.

PACCAR (NASDAQ:PCAR) last issued its quarterly earnings results on Tuesday, October 21st. The company reported $1.12 earnings per share for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.02). PACCAR had a net margin of 9.11% and a return on equity of 16.01%. The business had revenue of $7.24 billion during the quarter, compared to analyst estimates of $6.23 billion. During the same period in the previous year, the company posted $1.85 earnings per share. PACCAR’s revenue was down 20.7% compared to the same quarter last year.

A number of other brokerages have also issued reports on PCAR. UBS Group set a $103.00 target price on PACCAR and gave the stock a “neutral” rating in a research report on Wednesday, October 22nd. Raymond James Financial reissued a “market perform” rating on shares of PACCAR in a research note on Tuesday, October 21st. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $125.00 price objective on shares of PACCAR in a research note on Friday, December 5th. Jefferies Financial Group reiterated a “hold” rating and issued a $90.00 target price on shares of PACCAR in a report on Tuesday, October 21st. Finally, Weiss Ratings lowered shares of PACCAR from a “buy (b-)” rating to a “hold (c+)” rating in a report on Saturday, October 25th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat.com, PACCAR currently has an average rating of “Moderate Buy” and an average target price of $109.12.

PACCAR Trading Down 1.1%

PACCAR stock opened at $111.56 on Friday. The firm has a market cap of $58.59 billion, a price-to-earnings ratio of 21.83, a price-to-earnings-growth ratio of 15.26 and a beta of 1.01. PACCAR has a 1 year low of $84.65 and a 1 year high of $115.43. The firm’s 50 day moving average price is $100.58 and its two-hundred day moving average price is $98.38. The company has a debt-to-equity ratio of 0.56, a quick ratio of 2.91 and a current ratio of 3.12.

Hedge Funds Weigh In On PACCAR

Several hedge funds have recently added to or reduced their stakes in PCAR. Brighton Jones LLC lifted its holdings in shares of PACCAR by 0.3% in the 4th quarter. Brighton Jones LLC now owns 89,001 shares of the company’s stock valued at $9,258,000 after purchasing an additional 290 shares during the last quarter. Aigen Investment Management LP acquired a new position in shares of PACCAR during the 1st quarter worth $277,000. Meridian Wealth Management LLC lifted its holdings in shares of PACCAR by 10.7% in the first quarter. Meridian Wealth Management LLC now owns 4,198 shares of the company’s stock valued at $409,000 after purchasing an additional 407 shares in the last quarter. Public Sector Pension Investment Board increased its position in PACCAR by 8.7% during the first quarter. Public Sector Pension Investment Board now owns 71,369 shares of the company’s stock worth $6,949,000 after buying an additional 5,700 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. raised its stake in PACCAR by 8.9% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 166,949 shares of the company’s stock valued at $16,244,000 after purchasing an additional 13,655 shares during the last quarter. 64.90% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at PACCAR

In related news, CFO Brice J. Poplawski sold 3,369 shares of the stock in a transaction on Monday, October 27th. The stock was sold at an average price of $101.15, for a total value of $340,774.35. Following the transaction, the chief financial officer owned 468 shares of the company’s stock, valued at $47,338.20. This represents a 87.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 2.02% of the company’s stock.

PACCAR Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 4th. Stockholders of record on Wednesday, February 11th will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Wednesday, February 11th. PACCAR’s payout ratio is 25.83%.

PACCAR Company Profile

PACCAR Inc designs, manufactures, and distributes light, medium, and heavy-duty commercial trucks in the United States, Canada, Europe, Mexico, South America, Australia, and internationally. It operates through three segments: Truck, Parts, and Financial Services. The Truck segment designs, manufactures, and distributes trucks for the over-the-road and off-highway hauling of commercial and consumer goods.